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Finance Chief Calls for Corporate Restraints on ‘Excessive’ Wage Increase amid Inflation Woes

Finance Chief Calls for Corporate Restraints on ‘Excessive’ Wage Increase amid Inflation Woes

SEOUL, June 28 (Korea Bizwire) — Finance Minister Choo Kyung-ho asked companies Tuesday to refrain from excessively raising wages for employees as the move could further accelerate inflation. Choo made the request during a meeting with members of the Korea Enterprises Federation (KEF), including Sohn Kyung-shik, federation chief and CJ Group chairman, and Rhee In-yong, [...]

Presidential Office Launches New Website to Better Communicate with Public

Presidential Office Launches New Website to Better Communicate with Public

SEOUL, June 23 (Korea Bizwire) — The presidential office launched a new website Thursday to facilitate better communication with the public. The site, “People’s Suggestions,” will replace the “People’s Petitions” page used by the previous presidential office of Moon Jae-in. “It is a communication channel reflecting President Yoon Suk-yeol’s commitment to becoming a president who [...]

S. Korea to Crack Down on Speculative Property Investments by Foreigners

S. Korea to Crack Down on Speculative Property Investments by Foreigners

SEOUL, June 23 (Korea Bizwire) — The country’s land ministry, the justice ministry and other agencies on Thursday said they will launch an investigation into foreigners’ speculative real estate investments. The authorities also plan to designate regions where real estate transactions by foreigners will be restricted and compile statistics on foreign ownership of properties here [...]

Gov’t to Launch Joint Investigation Team to Crack Down on Voice Phishing Scams

Gov’t to Launch Joint Investigation Team to Crack Down on Voice Phishing Scams

SEOUL, June 23 (Korea Bizwire) — The government will launch a joint investigation team to eradicate voice phishing crimes that cause damage worth more than 700 billion won (US$538 million) annually, the prosecution said Thursday. The Supreme Prosecutors Office (SPO) announced it will form the joint investigation team with relevant agencies, such as the National [...]